The run on SVB, leading to the second-largest bank failure in US history, and the enforced merger of Swiss banking giants Credit Suisse and UBS, raise a multitude of questions for regulation and compliance. We brought Alex Viall and Rob Mason, two experts with a wealth of regulatory experience in finance, together to assess the implications.
Among the issues discussed are:
- How to deal with social-media-fuelled market movements;
- The importance of executive culture in setting standards;
- Whether the idea of Swiss banking neutrality has been permanently damaged.